Company Profile

CDS Holding
The Partner for Retail
Real Estate in Italy
Company Profile
2016
THREE KEY CONCEPTS FOR A RETAIL REAL ESTATE
LEADER
2
1
3
RELIABILITY
PARTNERSHIP
EFFICIENCY
2
MAJOR MILESTONES,
FROM EARLY
CONSTRUCTION PROJECTS
TO LARGE-SCALE RETAIL
DEVELOPMENTS
CDS Holding is an Italian company
founded in 1993 that focuses on the
design,
construction
and
development of retail assets for
itself, third party investors and
retailers.
CDS has completed more than 60
projects in less than 20 years with
an overall surface area of 610,000
square meters. As a result, CDS
has become a leader in Italian retail
real estate.
3
Fast-paced growth, based on three
key concepts: reliability, efficiency
and partnership. These principals
allow CDS to bring projects to
completion on time and in budget,
adopt
a
flexible
operational
approach to projects, and to
establish
long-term
repeat
partnerships with industry leaders
and customers in the retail sector.
CDS
assists
its
customers
throughout
the
development
process
(site
selection,
administration,
planning,
and
construction).
The founding shareholders of CDS
continue to be directly involved in
the company as owners and
managers together with Captiva
Capital Partners III LP, which
acquired a 49.9% share in 2008.
Since 2005, CDS Holding has
partnered with Multi Corporation, a
leading European group in the
development of major shopping
centers and urban requalification
projects,
with
whom
CDS
constituted a joint venture that
operates in the Italian market.
The strategic alliance with Multi
Corporation
and
the
capital
investment of Captiva Capital
Partners III LP have helped to
consolidate the group‟s growth.
History of the first ten-year development
1993
1996
1997
1999
1993
CDS Costruzioni is founded by Enzo Danesi
and Alberto Sartori
1996
Commercial real estate activities begin to
expand: CDS collaborates with the
Semeraro Group, restructuring and building
stores with the Semeraro, Ovvio, Matto
Matteo and Città Convenienza brands
1997
A project in Genoa marks the beginning of
the partnership with IKEA
1999
Partnership with Metro begins with a project
in Treviso
2000
2000
CDS obtains ISO 9001 Quality certification
2001
2002
2003
2001
Enrico Biffi and Dario Danesi buy into the
company
2002
CDS Costruzioni extends its activities to
include all aspects of real estate
development. CDS Holding is formed as the
corporate base to create a group
2003
First major restructuring project: the Curno
shopping center outside Bergamo, realized
for the Dutch group Eurocommercial
Properties. That same year, CDS builds the
Carrefour La Certosa shopping center in
Collegno (Turin)
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From 2004 till Nowadays: the Growth of a Leader
2004
2005
2005
2006
2006
2007
2008
2009
2010
2011
2004
Completion of the shopping center Iper
in Monza
2008
Captiva Capital Partners III LP acquires a
49.9% interest in CDS Holding
2005
CDS develops and builds Le Corti
Venete shopping center in Verona, in
partnership with Finiper, as well as the
Carrefour Siracusa shopping center, in
partnership with Carrefour.
CDS establishes an alliance with Multi
Corporation, a leading European group
in the development of large-scale
shopping
centers
and
urban
requalification projects
2009
Completion of the Forum Palermo shopping
center for Multi Corporation, along with the
first phase of the restructuring/expansion of
the Fiordaliso shopping center in Rozzano
( Milan )
2006
Completion of the Girasoli commercial
park in Rozzano (Milan) for GCI (joint
venture between Immoauchan and
Simon Property) and Finiper.
CDS obtains the SOA certification
required for participating in public
Tenders
2007
Completion of the Petali complex in
Reggio Emilia, the first project of the
joint venture with Multi Corporation, as
well as the Carrefour shopping center in
Pavia
2010
Completion of the restructuring/expansion
of the Fiordaliso shopping center in Rozzano
( Milan )Start construction of “Le Cotoniere”
shopping Centre in Salerno
2011
Start construction of the first motorway
shopping mall for “My Chef” in Bologna
5
Other Milestones
6
2012
2012
Construction of a LIDL shop in Milan and completion of
the “My Chef” motorway shopping mall. Fond Captiva
Capital Partners III LP transfers its own shares into CDS
to the shareholders who founded it.
2013
2013
Refurbishment of fitness center - Arese
Environmental regeneration - Orbassano (TO).
(MI);
Refurbishment of the offices for the customer HP –
Cernusco (MI)
Realization of a renovation concerning the shopping
center Il Leone (Lonato del Garda – BS). Commercial
areas reorganisation in order to give the suitable space
to new points of sale (in particular for Apple and
Euronics)
Ongoing realization of a residential building for the client
Bracco S.r.l. – Lonato del Garda (BS)
Other Milestones
2014
Realization of a new store “PUNTO SCARPE”.
2014
Refurbishment and realization of two new Food Court in
My Chef, Rosso Pomodoro and Mc Donald‟s stores
located in the Milano Malpensa airport.
2015
2015
Realization of new stores of Burger King in Rovato (BS).
Realization of new stores of Sushiko in Rovato (BS).
Realization of new stores of Piazza Italiain Rovato (BS).
In progress of realization two new Shopping Centers:
“Verona Adige Shopping Center” in Verona and “Valle
Aurelia Park” in Rome.
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A SINGLE OBJECTIVE: Partnering with large-scale retail operators
and investors seeking to expand in Italy
CDS‟ track record spanning nearly
20 years has been build on local
market knowledge and expertise,
operational agility and a customer
led approach. CDS sees demand in
commercial real estate being driven
by retailers and investors seeking
innovative solutions to their real
estate occupational and investment
needs.
As such, CDS‟ current role is
focused on providing its customers
(retailers and investors) with what
they want – either in the form of
reconversions of urban areas,
restructuring/expanding
existing
shopping
centers
or
identifying/developing new retail
sites.
CDS has responded to the evolution
of the market by moving in two
directions.
It has gradually extended the scope
of its activities, integrating and
honing its areas of expertise to
create a group capable of covering
the entire real estate development
process: site selection, consulting,
planning, managing relations with
public administrations, construction,
and asset management.
CDS has also devised an
organizational model that provides
an efficient balance between the
need to expand its expertise and
conserve maximum operational
agility. This chosen path reflects
CDS‟s strategy: to be the real estate
partner of choice for large-scale
retail operators and investors
seeking to expand in Italy.
This objective, has led to the
creation of long-term partnerships
with some of Europe‟s most
recognized retailers and investors.
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CDS Holding, a Group of Companies operating in three Main
Areas
Construction
CDS is one of the leading general
contractors in Italy in the retail real estate
market. CDS also constructs multifunctional
projects
and
urban
infrastructure. In the area of environmental
protection, CDS builds water purification
plants, biogas recovery facilities and waste
disposal sites.
CDS Costruzioni has established its
reputation by focusing on delivering
projects on time, within budget, quality
workmanship and operational flexibility to
meet customer needs. The effectiveness of
the model has been put to the test in
numerous projects, often in complex
situations, such as restructuring and/or
expanding shopping centers without
interrupting operations.
CDS Costruzioni is equipped to manage
every phase of a project – this is driven by
the needs of the client: turnkey, margin
plus cost, planning and construction,
construction management, guaranteed
maximum price, performance agreement.
10
CDS Holding, a Group of Companies operating in three Main
Areas
Development
This is the area that focuses on the
development of highly innovative
multi-functional
retail
projects.
Activities conducted for the Group
and outside investors, include:
feasibility studies and analysis;
management of relations with local
administrations for licenses and
permits; development of innovative
planning solutions; optimization and
planning (costs, timeframes, quality,
safety); financing (through banks
and capital participation); long-term
guarantees; promotion; marketing;
project management.
Developments of the group tend to
be significantly pre-let as sites are
identified by CDS customers.
11
CDS Holding, a Group of Companies operating in three Main
Areas
Investments
Alongside its role as a constructor
and developer, CDS has expanded
its role as an investor in recent
years. The aim as an investor is to
maximize the value of each
investment either via holding for the
medium to long-term or by selling
projects where the group believes it
can no longer add value. CDS also
has
a
number
of
minority
investments that are actively
managed.
12
An integrated Organization for creating Value in every phase of
the retail real estate Cycle
The organization of CDS reflects its
areas of specialization. CDS uses
an integrated model that generates
synergies through the various
phases of real estate development
lifecycle and allows CDS to add
value in each phase.
The operational divisions are
supported by a Corporate Service
unit that centralizes the legal,
financial, treasury, administration,
risk management and human
resources functions of the business.
The company is run day to day by
its founding partners.
The Board of Directors is headed by
Enzo Danesi and includes Enrico
Biffi (Development and Operations)
and Dario Danesi (Construction).
13
A Professionalism put to test more than 60 times in just under
20 years
Since it was founded in 1993, CDS
has built or restructured more than
60 commercial projects. It has also
built multi-functional centers, urban
infrastructures and environmental
protection facilities.
CDS has worked for the foremost
operators in the retail market and
for
well-known
institutional
investors.
CDS has built or restructured a total
of 610,000 square meters in a wide
range of projects that vary in their
cutting
edge
architectural
complexity
and
operating
conditions. Some of CDS‟s projects
are the first of their kind, whether in
terms of features or building
methods.
14
As a constructor developer for
international retailers and institutional
investors, CDS has been at the
forefront of these trends in the retail
real estate sector in Italy.
Commitment to sustainability
CDS takes its commitment to
sustainability
and
the
local
community very seriously. Growing
public awareness of environmental
protection issues, the adoption of
urbanistic norms, policies and a
focus on energy efficiency are now
part
of
the
day
to
day
considerations of real estate users
and investors.
CDS‟ commitment to sustainability
translates into projects with low
environmental impact (new buildings
or requalification) in keeping with the
highest
international standards
regarding energy efficiency and
sustainability for the local community,
which also translates economic
savings to retail operators in lower
service charges.
60 COMMERCIAL STRUCTURES: projects built for the retail
sector
Metro: Treviso, Pordenone, La Spezia, Pozzuoli (Naples), Lana (Bolzano), Seriate
(Bergamo), Ventimiglia (Imperia), Ferrara, Piacenza, Sassari, Mantua, Merano (Bolzano),
Baranzate (Milan), Trento, Brunico (Bolzano), Bolzano, Brescia
Ikea: Genova, Piacenza (phase 1), Roncadelle (Brescia), Salerno
Castorama: Collegno (Turin), Marcon (Venice)
Media World: Reggio Emilia, Rozzano (Milan), Palermo
Carrefour: Collegno (Turin), Siracusa, Pavia, Assago (Milan)
Iper: Verona, Monza, Seriate (Bergamo), Rozzano (Milan)
Coop: Turin, Palermo
Obi: Mestre (Venice)
Decathlon: Rozzano (Milan)
Leroy Merlin: Rozzano (Milan)
Botanic: Rozzano (Milan)
Unieuro: Collegno (Turin), Siracusa, Reggio Emilia
Kiabi: Collegno (Turin)
Norauto: Seriate (Bergamo), Pavia, Rozzano (Milan)
Virgin Active: Reggio Emilia
Emmelunga: Parma, Corsico (Milan)
Burger King: Collegno (Turin), Rozzano (Milan)
UCI: Reggio Emilia, Palermo
Semeraro: Adro (Brescia), Bergamo, Erbusco (Brescia), Trezzano sul Naviglio (Milan),
Pordenone, Rome, Ferrara, Stezzano (Bergamo), Vicenza, Milan
Conbipel: Collegno (Turin), Siracusa
Oviesse: Brescia, Bologna
Bimbus: Assago (Milan), Bergamo, Cantù (Como), Settimo Torinese (Turin), Turin
Longoni: Valvibrata (Pescara)
My Chef: Turchino (Genoa), Bologna
Lidl: Bergamo, Milan
15
60 COMMERCIAL STRUCTURES: Shopping Centres
Shopping center La
Certosa
Carrefour, Collegno (Turin)
(completed in 2003)
The first project realized for
Carrefour. Two buildings (one
for shops, the other for a
hypermarket) connected by a
pedestrian road with a steel
roof, raised with respect to
the two buildings. This is one
of the first centers in Italy to
have
an
open
exterior
shopping gallery. The project
also involved the parking
facilities, adjoining areas and
access roads.
• Owner: Klepierre and
Carrefour
• Area: 22,000 square meters
• Contract: turnkey
• Completed in two years
• Role of CDS: developer and
general contractor
16
60 COMMERCIAL STRUCTURES: Shopping Centres
Le Corti Venete,
Iper, Verona
(completed in 2005)
The largest shopping center
in the environs of Verona.
Distinguished by a unique
curved profile, it creates the
impression of a colorful stage
set. It hosts 37,000 square
meters of commercial space.
Covered parking facilities
distributed
over
two
semiunderground levels for a
total of 69,000 square meters.
• Owner: Klepierre and
Finiper
• Area: 37,000 square meters
• Contract: turnkey
• Completed in 26 months
• Role of CDS: developer,
investor, general contractor
17
60 COMMERCIAL STRUCTURES: Shopping Centres
Carrefour, Siracusa
(completed in 2005)
One of the first modern
shopping centers built in
Sicily. It comprises sixty
commercial units on two
floors and a hypermarket. For
this project, CDS operated as
developer,
investor
and
general contractor.
• Owner: ING Real Estate and
Carrefour
• Area: 25,000 square meters
• Contract: turnkey
• Completed in 12 months
• Role of CDS: developer,
investor, general contractor
18
60 COMMERCIAL STRUCTURES: Shopping Centres
Retail park,
I Girasoli, Rozzano (Milan)
(completed in 2006)
Construction of three mediumsized structures (occupied by
Decathlon, Leroy Merlin and
Botanic), a Norauto facility and a
Burger King restaurant. First park
with facades in prefabricated
panels and parking areas with
industrial pavement in photocatalytic concrete that absorb the
atmospheric pollutants generated
by automobile exhaust. Another
distinctive feature: the 5,000square-meters roof of the Botanic
garden,
realized
entirely
in
plywood, which strengthens the
visual impact and the „natural‟
image. The project also involved
developing the entrance and exit
ramps for the nearby ring road.
• Owner: GCI (joint venture with
Immoauchan and Simon Property)
and Finiper
• Area: 35,000 square meters
• Contract: turnkey
• Completed in 10 months
• Role of CDS: general contractor
19
60 COMMERCIAL STRUCTURES: Shopping Centres
Retail park,
Collegno (Turin)
(completed in 2006)
Occupied by UniEuro (DSG
Group), Kiabi and Burger
King, this is part of a larger
requalification
and
development project realized
by CDS in Collegno over the
past 10 years that also
includes the Carrefour La
Certosa shopping center, a
mediumscale Castorama and
an IKEA megastore of 33,000
square meters, which opened
in 2009.
• Owner: CDS
• Area: 10,000 square meters
• Contract: turnkey
• Completed in 8 months
• Role of CDS: developer,
investor, general contractor
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60 COMMERCIAL STRUCTURES: Shopping Centres
Multi-functional center
I Petali di Reggio, Reggio
Emilia
(completed in 2007)
The first project realized by
the joint venture with Multi
Corporation, and the first
development in Italy of a
multi-functional center inside
a stadium. To accomplish this,
it was necessary to address
problems of a static nature
(interaction with the existing
structure) and of public order
(the stadium continued to
host sporting events during
construction). The center
comprises a shopping gallery,
an
11-theater
cinema
complex and two 4-story
towers (one with a Virgin
fitness club and the other for
office use).
• Owner: ING Real Estate
• Area: 30,000 square meters
• Contract: turnkey
• Completed in 18 months
• Role of CDS: developer,
investor
and
general
contractor
21
60 COMMERCIAL STRUCTURES: Shopping Centres
Shopping center
Carrefour, Pavia
(completed in 2007)
This is the third shopping
center realized for Carrefour
(after La Certosa in Collegno
and Siracusa), and is the
result not only of CDS‟s
experience
in
building
shopping centers but of the
strong partnership that the
CDS team has forged with
Carrefour.
• Owner: Union Investment
and
Carrefour
• Area: 21,000 square meters
• Contract: turnkey
• Completed in 6 months
• Role of CDS: general
contractor
22
60 COMMERCIAL STRUCTURES: Shopping Centres
Metro Cash & Carry,
Baranzate (Milan)
(completed in 2007)
One of the 16 Metro Cash &
Carry outlets built in Italy by
CDS. The only store with an
underground floor equipped
with parking facilities. The
completion of the project
ahead of schedule was the
result
of
the
effective
integration with Metro and the
time-tested abilities of the
subcontractors
that CDS
involves in projects of this
type.
• Owner: Metro Fim (Metro
Group)
• Area: 6,000 square meters
• Contract: turnkey
• Completed in 6 months (2
months ahead of schedule)
• Role of CDS: general
contractor
23
60 COMMERCIAL STRUCTURES: Shopping Centres
Alle Valli shopping center,
Seriate (Bergamo)
(completed in 2008)
First project requiring the total
restructuring of the gallery
and the roof, realized without
interrupting the operation of
the shopping center. The
partnership with Iper, which
began with the construction of
the shopping center in Monza
and Le Corti Venete in
Verona, has continued with
the
restructuring
and
expansion of the Fiordaliso
shopping center in Rozzano
(Milan).
• Owner: Klepierre and
Finiper
• Area: 32,000 square meters
• Contract: turnkey
• Completed in 6 months
• Role of CDS: general
contractor
24
60 COMMERCIAL STRUCTURES: Shopping Centres
Forum shopping center,
Palermo (completed 2009 phase1, April 2010 – phase 2)
Second project of the partnership
with Multi Corporation after I Petali
in Reggio Emilia. The shopping and
leisure center in Palermo is the
largest within 150 kilometers of the
capital, and serves as an economic
and social driver for the territory. It
includes an IperCoop superstore, a
medium-sized DUI supply store, two
restructured buildings for cultural
activities and food service, seven
medium-sized stores and 110
smaller shops, as well as a 7theatre UCI cinemaplex.
• Owner: CDS and Multi Corporation
• Area: 65,000 square meters
•
Contract:
construction
management
• Completed the first phase in
November
2009; phase 2 (multiplex cinema)
completed in April 2010
• Role of CDS: developer, investor,
general contractor
25
MULTI-FUNCTIONAL PROJECTS, URBAN INFRASTRUCTURE,
ENVIRONMENTAL PROTECTION FACILITIES
Piacenza: IKEA warehouse
and distribution center for
Southern Europe and the
Middle East (phase 1)
Milano: Ecosesto waste
disposal facility
Brescia: Borgo Leonardo,
former headquarters of the
Società Elettrica Bresciana
Modena: Pavullo, purification
plant
Brescia: Tetra Studio offices
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CDS Holding S.p.A.
Via dell‟Industria, 36
25030 Erbusco (BS) - Italy
T +39 030 77 04 220
F +39 030 77 04 189
www.cds-group.com
reception@cds-group.com